1. Did Victorian Britain Fail?
... estimates, but agrees that "there seems to be an agreement on the slowing of the rate of growth". Pollard suggests that even though a failure of total industrial production to maintain a high rate of growth may reflect a decline, but it may simply show a switch of resources from industry to services or other sectors which may even cause a rise in income as is ... , it would cause a higher capital to labour ratio and put the economy on a growth path with higher sustainable consumption per head. He speculates that if the investment rate had been similar to that of Germany, then a 25% incre...
- Word Count: 1116
- Approx Pages: 4
- Grade Level: Graduate